The Black Business Council (BBC) welcomes the announcement by trade, industry & economic development minister Ebrahim Patel during his budget speech that R40bn will be allocated to the Black Industrialists (BI) programme.

The programme, seen as one of the key elements of broad-based BEE and socioeconomic transformation, aims to unlock the potential industrialists’ companies in key sectors of the economy through deliberate targets and well-defined financial and non-financial interventions...

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